Showing 1 - 10 of 86
The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a situation is a far cry from the optimism and grand vision that marked its launch. This...
Persistent link: https://www.econbiz.de/10009493971
In India, there is a large divergence between CPI and WPI inflation trends in the past, wide dispersion in inflation … across commodity groups within WPI, and significant volatility in headline WPI inflation under the influence of supply shocks … policy could yield ambiguous results if inflation data used in such analyses have serious limitations. [Staff Studies]. …
Persistent link: https://www.econbiz.de/10008492229
The Fisher's equation has become a foundation stone of modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on a rather shaky foundations. URL:[http://www.gipe.ac.in/pdfs/working%20papers/wp24.pdf].
Persistent link: https://www.econbiz.de/10009319324
The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and characterized the recent spate of events, the specific responses of central banks and some challenges...
Persistent link: https://www.econbiz.de/10005528200
This paper formulates a model of exchange rate determination that describes the market processes by which the foreign exchange markets are cleared and international receipts of countries are brought into equality with their international payments. The model is capable of being explicitly solved...
Persistent link: https://www.econbiz.de/10004964285
Options for monetary policy arising from interactions between it and Indian foreign exchange (FX) markets. A brief survey covers recent rapid changes providing a snapshot of current microstructure, and of monetary policy institutions. The survey brings out the growing links between money and FX...
Persistent link: https://www.econbiz.de/10005077865
The article is a report of RBI Minister Duvvuri Subbarao on issuesing concerning the G-20 countries and also issues effecting all the countries collectively.
Persistent link: https://www.econbiz.de/10009319335
This paper estimated the pass-through effects of yuan’s exchange rates on prices of the US and Japanese imports from the People’s Republic of China (PRC). Empirical results show that, a 1% nominal appreciation of the yuan would result in a 0.23% increase in prices of the US imports...
Persistent link: https://www.econbiz.de/10008694256
Establishing a debt management office would consolidate all debt management functions in a single agency, and be the catalyst for wider institutional reform and transparency about public debt. It is internationally accepted best practice that debt management should be disaggregated from monetary...
Persistent link: https://www.econbiz.de/10004969057
This Tenth Nani A. Palkhivala Memorial lecture lecture centres around the role and responsibility of a central bank in a democratic structure. Central banks make macroeconomic policy that influences the everyday life of people; yet they are managed by unelected officials appointed by the...
Persistent link: https://www.econbiz.de/10011133257